UAE Risk Quantification Specialist
Posted on :
11-10-2024
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1 Vacancy
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Job Description
RISK QUANTIFICATION SPECIALIST/ SENIOR SPECIALIST
Job Summary:
The ERM Manager leads risk quantification and analysis supporting the implementation
of ERM at organization. The role develops risk dashboards and reports for Senior Management ensuring alignment with organization's risk appetite and sector trends. Additionally the ERM
Manager conducts financial impact and scenario analyses to assess risks in investment.
Decisions strategic plans and budgeting providing insights for proactive risk
management and decisionmaking.
Job Specific Responsibilities:
Monitor and enhance application of organization s ERM processes across the
organization including but not limited to relevant risk quantification methodologies
tools and templates.
Research and implement innovative approaches to quantify and analyze organization s
risks in line with the ERM policy and framework while reviewing and evaluating risk
quantification approaches of similar international utilities and single buyer/system
operator organizations.
Provide risk management support within key projects by providing guidance on risk
quantification and the application of risk simulation software/modelling (including
Monte Carlo Simulation or Bootstrapping).
Conduct indepth analysis of potential new investment decisions and stress test
financial models considering multiple risks/assumptions and offering probabilistic
insight on potential investment ROI/LCOE and contribute to drafting investment
recommendations based on risk sensitivity analysis.
Responsible for developing and monitoring KRIs (key risk indicators) across the
enterprise risk portfolio consistent with the risk framework to measure risk
exposure.
Requirements
Develop and implement necessary tools for the automation of the risk quantification
and risk aggregation process supporting the risk assessment initiatives.
Review and challenge business planning and budgets proposed by organization in
consideration of the organization risk landscape and any necessary contingency reserves
and provide a probabilistic analysis on EBITDA/Unit costs to make a meaningful
recommendation from a risk perspective.
Perform a risk mapping and quantification exercise to map risks from the risk
registers to financial statements.
Analyze and identify risks associated with the forecast performance for deviations.
Engage with Risk Champions / Finance business partners in developing models that
provide a quantitative basis for decisionmaking aligning these models with
financial considerations and facilitating effective communication to support
informed and strategic decisionmaking processes.
Communicate complex risk quantification concepts to nontechnical stakeholders
in a clear and understandable manner.
Ensure that all new projects/initiatives/investments have offered risk oversight and
key risks are monitored on a periodic basis over the duration of the projects/initiatives/investments to deliver intended benefits on time in a defined
cost.
Collaborate with business functions including Project Finance Strategy and
Planning and Financial Planning on how to quantify / analyze and report risks and
evaluate internal and external risks/issues that may impact organization s core activities.
Periodically collaborate with Risk Owners on key business aspects to ensure risk
informed decisionmaking is implemented across organization
Regularly update risk dashboards and reports based on inputs obtained from the
Directorates and outputs of the risk quantification activities ensuring accurate
documentation is presented to ARC and Board. Identify and analyze sector trends to continuously improve organization s risk
management approach including gap analysis controls Develop review and update ERM training materials to ensure they reflect organization s ERM framework and goals and train Risk Champions and other employees (as needed) on the importance of ERM and organization's ERM tools and methodologies. Develop and implement the Risk Management Plan working closely with the ERM
Head on annualized basis Key result area(s)
Driving risk quantification and analysis to support strategic decisionmaking and
developing risk dashboards and reports that align with organization s risk appetite and emerging
trends. Additionally the role ensures comprehensive financial and scenario analysis to
guide investment and risk mitigation strategies.
Internal working relations:
CFO and Corporate Operations Directorate
Internal Departments within organization
Internal Audit
External working relations:
None.
JOB REQUIREMENTS:
Minimum Education Level
Bachelor s degree in finance Economics Accounting Mathematics or a related
field with proven experience in risk quantification and assessment preferably
within a corporate or regulatory environment.
Minimum experience level
Minimum of 8 years of experience in Finance or Risk Management
Diverse/multicultural business industry (obtained from medium to large organization)
Multinational company
Energy and utility sector preferred
Jobrelated competencies and proficiency levels:
Behavioral
Organizational excellence (level 2) Intermediate
Strong analytical and problem solving (level 3) Professional
Build effective relationships (level 3) Professional
Communicate with impact (level 3) Professional
High attention to detail (level 2) Intermediate
Technical
Financial modelling (level 3) Professional
Sensitivity Analysis (level 3) Professional
Risk Management (level 3) Professional
Customer Feedback: Gather and relay customer feedback and suggestions to improve our products and services. Cold Calling: Proactively reach out to potential clients through phone calls to introduce our IT solutions and services. Identify decision-makers within organizations and initiate meaningful conversations to assess their IT needs. Client Meetings: Arrange and conduct meetings with potential clients, either in-person or virtually, to understand their IT requirements and present our solutions. Prepare and deliver presentations, proposals, and product demonstrations as needed. Lead Generation: Need to generate new prospects
Employment Type
Full Time
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